The Tax Code of the Russian Federation provides for a restriction of property deduction: no more than 2 million rubles. If the cost of your purchased housing is 3 million. rub. — You can issue a tax deduction for only 2 million. rub. If your apartment is purchased using a mortgage, you have the right to receive a tax benefit for the entire amount of the bank interest paid, despite the deadline for repayment of a mortgage loan. Examples of calculation of property deduction are available on the website «Verny Tax».
